French GDP growth to slow to 0.3% in Q3, Central Bank says

19:22, September 08, 2010      

Email | Print | Subscribe | Comments | Forum 

French gross output will grow by 0.3 percent in the third quarter, slower than last quarter's 0.6 percent increase, the Bank of France predicted Wednesday.

This was the Central Bank's second estimation on third quarter's growth, which remained unchanged from its prediction a month before when official figures showed that French industrial activity increased a little bit but still lacked considerable momentum.

French national statistics bureau Insee has posted a 0.6-percent growth for the second quarter, which made the government's 2010 target of 1.4-percent yearly growth more reachable.

To meet the target, French economy has to realize a quarterly growth at least by 0.2 percent both for the third and fourth quarter, the Economy Minister Christine Lagarde said recently. Insee has forecasted 0.4 percent growth in the third quarter.

French administration has injected large mounts of cash to boost economic growth, which meanwhile left high level of debt threatening long-term growth. The European second largest economy's public debt has piled to 80.3 percent of national output in the first quarter of 2010, according to Insee report.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Permanent Representative to the United Nations Li Baodong (R) welcomes UN Secretary-General Ban Ki-moon in New York, the United States. Sept. 29, 2011. The Chinese permanent delegation to the UN held a reception on Thursday to celebrate the 62nd anniversary of the founding of the People's Republic of China and the 40th anniversary of China's returning to the UN. (Xinhua/Shen Hong)
  • Chinese ambassador to Bulgaria Guo Yezhou delivers a speech during the reception in Sofia, capital of Bulgaria, on Sept. 29, 2011. The Chinese Embassy in Bulgaria held a grand reception here on Thursday to celebrate the 62nd anniversary of the founding of the People's Republic of China. (Xinhua/Wang Meng)
  • A model presents creation by Mexican designer at Mexico Fashion Week, Mexico City, Sept. 29, 2011. (Xinhua/AFP Photo)
  • Tourists walk in front of the Reichstag building in Berlin, capital of Germany, Sept. 29, 2011. Fine weather on Thursday added to the mood of outdoor leisure for residents and tourists in Berlin. (Xinhua/Ma Ning)
  • Dancers from National Ballet Troupe of Spain perform during a rehearsal for the press at Taipei, southeast China's Taiwan, Sept. 29, 2011. The troupe will put on Dualia and La Leyenda, two folk dances here from Sept. 30 to Oct. 2. (Xinhua/Wu Ching-teng)
Hot Forum Discussion